- Admiral Group's statutory pre-tax profits rose by 45% to £403.5m in the year to the end of December, supported by strong performance in the UK Car business as insured vehicles grew by 8% to 3.96m.

The group's share of pre-tax profit was up 4% at £405m. Earnings per share and return on equity both increased by 49% to 117.2p and 55% respectively.

The group reported turnover rose by 15% to £2.96bn while customer numbers increased 11% to over 5.7m.

The group warned: 'there is still a backdrop of uncertainty in our largest business, UK Car, due to the continued deliberations over the Ogden rate affecting large personal injury claims.'

The full year dividend is unchanged at 114.4p.

Comment from David Stevens, Group Chief Executive Officer, said: 'It's 25 years since the launch of Admiral. 2016 was only the second year we'd ever reported a year on year fall in profits. So it's great to be back in the groove, with a 23rd year of "record profits".'

'Beyond the pure financials, there's also a lot going on that helps build the longer-term prosperity of the Group - notably our investment in widening our product range (van, travel, loans in 2017) in a way that helps us attract more customers, and understand and serve better both new & existing customers.'

'Whilst lots of things have changed, some things have remained the same, including the importance we attach to our staff's well-being. After 17 years of featuring highly as one of the Best Places To Work in the UK, and 15 years in the European rankings, 2017 saw us make it onto the "Best Places in the World" rankings, coming a creditable 23rd.'

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